Gold – Mineweb reported that Standard & Poor's Financial Services LLC has lowered its rating for drilling company Boart Longyear Ltd. (ASX:BLY) in part due to its view that gold, copper and iron prices will not improve this year or in 2015.
Articles Tagged "copper price"
Today's US jobs data pushed precious metals down, but gave Brent crude a boost. Meanwhile, copper sank this morning on the back of a bond default.
Copper – Today, three-month copper on the London Metal Exchange was up 0.2 percent, or $13.96, to $6,979.50 per tonne. Similarly, copper futures for May delivery on the COMEX rose 0.6 percent, or $0.02, to trade at $3.191 per pound.
Copper – Three-month copper on the London Metal Exchange fell nearly 1 percent, or $69.50, to $6,950 per tonne in early morning trade, its lowest since early December.
Gold was down 0.1 percent, or $1.33, to $1,329.58 per ounce today.
Copper – Three-month copper on the London Metal Exchange rose 0.3 percent or $21.26 to $7,086 per tonne on Wednesday, according to Reuters.
Copper – Today, three-month copper on the London Metal Exchange fell 0.49 percent, or $34.50, to $7,040 a tonne.
Copper – Three-month copper was down 0.1 percent, or $7.20, at $7,193.75 per tonne this morning.
Gold, silver and copper are all faring well today, though Brent crude is down marginally.
Copper – Reuters reported that analysts believe a "short, sharp squeeze" could be in store for the physical copper market. That's because demand for the metal is currently higher than what smelters are able to provide.